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This week in history March 5, 1921: Mining developments, river name change underway

This week in history March 5, 1921: Mining developments, river name change underway
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New Jersey Mining Company Evaluates Potential for 20,000 Oz/Year Gold Production at Golden Chest Mine & Possible Spin-out of Rare Earths Subsidiary to its Shareholders

New Jersey Mining Company Evaluates Potential for 20,000 Oz/Year Gold Production at Golden Chest Mine & Possible Spin-out of Rare Earths Subsidiary to its Shareholders Six identified ore shoots - Katie Dora, Klondike, Skookum, Golden Chest, Paymaster and Joe Dandy. 2020/2021 drill program is testing down-dip extensions of the six recognized ore shoots. Focused on preliminary production/mine-life potential of each individual ore shoot. Drill program began with high-grade intercept of 0.2 meters of 74.6 grams per tonne gold (gpt), true thickness, in the Katie Dora. In the Paymaster, a significant additional vein assaying 104 gpt gold over 0.4 meters was encountered in hole GC 21-184. This intercept is located 47 meters above the Idaho Fault.

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